161 Prince Street

Owner: Michael Ostad

Acquired: January 21, 2026, $18 million

Debt: January 21, 2026, $17.2 million

Built: 1908

Renovated: 2014

SF: 9,684

Dwelling units: 24

No. of buildings: 1

Class: Over Six Families With Stores (C7)

Floors: 5

HPD Ownership Registration Information

Last registered: 2026-01-22 (expires 2026-09-01)

Transactions:

• Michael Ostad and Edward Ostad borrowed $17.2 million from Derby Copeland Capital for 161 Prince Street and 159 Prince Street, SoHo, Manhattan on January 21, 2026.

• J. Safra Real Estate sold 161 Prince Street and 159 Prince Street, SoHo, Manhattan for $18 million to Michael Ostad and Edward Ostad on January 21, 2026.

Development:

• Stephen Elbaz filed major alteration job 122080238 for 8,375 sqft R-2 building with 22 apartments in SoHo, Manhattan, on January 20, 2015.

• Nurul Ahia filed alteration job M01376789 for 264 sqft RES building with 22 apartments in SoHo, Manhattan, on March 30, 2026.

• Nurul Ahia filed alteration job M01361361 for 790 sqft RES building with 22 apartments in SoHo, Manhattan, on March 02, 2026.

• Nurul Ahia filed alteration job M01355157 for 253 sqft RES building with 22 apartments in SoHo, Manhattan, on February 20, 2026.

• Nurul Ahia filed alteration job M01355156 for 449 sqft RES building with 22 apartments in SoHo, Manhattan, on February 20, 2026.

• Stephen Elbaz filed alteration job 140451348 for RES building with 24 apartments in SoHo, Manhattan, on January 21, 2016.

Violations:

According to city public data, the properties have received four housing violations and $210 in OATH penalties in the last year.

Latest Stories:

• Michael Ostad pays $18M to J. Safra Real Estate for two walkups in SoHo (January 22, 2026)